German producer prices rose for the first time in 11 months in August as energy costs increased, new figures released today show.
Prices gained 0.5 per cent from a month earlier after falling 1.5 per cent in July, according to the Federal Statistics Office.
From a year earlier, producer prices fell 6.9 per cent after dropping an annual 7.8 per cent in July, the most since records began in 1949.
While Germany emerged from its worst recession since World War II in the second quarter, rising unemployment may damp the recovery and keep a lid on inflation. Consumer prices posted annual declines in July and August.
Energy prices rose 1.1 per cent in August from July, according to today's report. Excluding energy costs, prices increased 0.3 per cent in the month and were down 3.4 per cent from a year ago.
Bloomberg